Energy Vault Holdings, Inc. (NRGV) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: March 18, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 8.09% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
160M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

NRGV currently has 161M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 8.09% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 18, 2026

10-K filing | 160.5M shares outstanding

160M 0
Jan 09, 2026

S-3 filing: This S-3 filing registers 33,251,333 shares of common stock issuable upon conversion of obligations under Convertible Debentures, offered by the Selling Stockholder.

160M 0
Oct 14, 2025

8-K filing: Energy Vault Holdings, Inc. subsidiary, Energy Vault, Inc., entered into a contribution and purchase agreement with OIC Structured Equity Fund I, L.P., OIC Structured Equity Fund I AUS, L.P., OIC Structured Equity Fund I GPFA, L.P., and Asset Vault, LLC to establish a joint venture, and in connection with OIC's initial contribution, the Company issued warrants to OIC. ($35.0M proceeds)

160M 0
Aug 08, 2025

10-Q filing | 156.9M shares outstanding

160M 0
May 13, 2025

10-Q filing | 153.7M shares outstanding

150M 0
Apr 01, 2025

10-K filing | 149.8M shares outstanding

150M 0
Nov 12, 2024

10-Q filing | 150.8M shares outstanding

150M 0
Aug 06, 2024

10-Q filing | 149.1M shares outstanding

150M 0
May 08, 2024

10-Q filing | 147.0M shares outstanding

150M 0
Mar 13, 2024

10-K filing | 142.9M shares outstanding

140M 0
Nov 07, 2023

10-Q filing | 143.9M shares outstanding

140M 0
Aug 08, 2023

10-Q filing | 142.8M shares outstanding

140M 0
Jul 14, 2023

S-3/A filing: The filing is an S-3/A registration statement related to the potential offering and sale of securities, addressing underwriter indemnification and director liability limitations.

140M 0
Jun 30, 2023

S-3 filing: The company may offer and sell up to $300,000,000 in the aggregate of common stock, preferred stock, debt securities, depositary shares, and purchase contracts from time to time in one or more offerings.

140M 0
Jun 05, 2023

POS AM filing: This is a POS AM filing for Energy Vault Holdings, Inc. relating to the issuance of up to 5,166,666 shares of common stock upon exercise of private placement warrants and the resale of up to 72,406,356 shares of common stock and 556,500 private warrants by selling securityholders.

140M 0
May 22, 2023

POS AM filing: This prospectus relates to the issuance by the Company of up to 5,166,666 shares of the Company's common stock issuable upon exercise of private placement warrants and the resale from time to time, by the selling stockholders of up to 72,651,205 shares of the Company's common stock and the selling holder of 556,500 Private Warrants.

140M 0
May 10, 2023

10-Q filing | 139.7M shares outstanding

140M 0
May 08, 2023

POS AM filing: This is a POS AM filing for Energy Vault Holdings, Inc. relating to the issuance of up to 5,166,666 shares of common stock upon exercise of private placement warrants and the resale of up to 72,651,205 shares of common stock and 556,500 private warrants by selling stockholders.

140M 0
Apr 13, 2023

10-K filing | 141.4M shares outstanding

140M 0
Nov 14, 2022

10-Q filing | 140.3M shares outstanding

140M 0
Aug 08, 2022

10-Q filing | 133.8M shares outstanding

130M 0
May 16, 2022

10-Q filing | 133.8M shares outstanding

130M 0
May 03, 2022

S-1/A filing: This S-1/A filing relates to the issuance of common stock upon exercise of warrants, as well as the resale of common stock and private warrants by selling stockholders.

130M 0
Apr 08, 2022

S-1/A filing: This S-1/A filing from Energy Vault Holdings, Inc. details the issuance of common stock upon the exercise of warrants, resale of common stock, and private warrants by selling security holders.

130M 0
Mar 08, 2022

S-1/A filing: This S-1/A filing outlines the offering of common stock issuable upon exercise of warrants, shares of common stock offered by selling stockholders, and private warrants to be sold by selling warrantholders by Energy Vault Holdings, Inc.

130M 0
Feb 14, 2022

S-1 filing: This S-1 filing relates to the offering of common stock upon exercise of warrants and resale of common stock and private warrants by selling stockholders.

130M 0
Feb 10, 2022

10-K filing | 7.2M shares outstanding

7.2M 0
Feb 01, 2022

8-K filing: Novus Capital Corporation II entered into a subscription agreement with an accredited investor to sell 5,000,000 shares of Class A Common Stock at $10.00 per share for an aggregate purchase price of $50,000,000 in a private placement, contingent upon the consummation of the Proposed Transactions. ($50.0M proceeds)

7.2M 0
Jan 04, 2022

8-K filing: Novus Capital Corporation II entered into a subscription agreement with an accredited investor to sell 5,000,000 shares of Class A Common Stock at $10.00 per share for an aggregate purchase price of $50,000,000 in a private placement, contingent upon the consummation of the proposed merger with Energy Vault, Inc. ($50.0M proceeds)

7.2M 0
Nov 17, 2021

10-Q filing | 7.2M shares outstanding

7.2M 0
Sep 09, 2021

8-K filing: Novus Capital Corporation II entered into a business combination agreement with Energy Vault, Inc., where Energy Vault will merge into a wholly-owned subsidiary of Novus. Common Stock will be exchanged based on an Exchange Ratio. ($100.0M proceeds)

2.1M 0
Aug 13, 2021

10-Q filing | 2.1M shares outstanding

2.1M 0
May 24, 2021

10-Q filing | 28.8M shares outstanding

29M 0
Mar 26, 2021

10-K filing | 28.8M shares outstanding

29M 0
Feb 12, 2021

8-K filing: Novus Capital Corporation II consummated its initial public offering of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and completed the private sale of 5,166,666 warrants at $1.50 per warrant, generating gross proceeds of $7,750,000. ($295.25M proceeds)

500M 0
Feb 08, 2021

8-K filing: Novus Capital Corporation II consummated its initial public offering of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and also completed a private placement of 5,166,666 warrants at $1.50 per warrant for gross proceeds of $7,750,000; the company also filed its amended and restated certificate of incorporation authorizing the issuance of up to 500,000,000 shares of Class A Common Stock. ($295.25M proceeds)

500M 0
Jan 28, 2021

S-1/A filing: This S-1/A filing details the offering of 25,000,000 units at $10.00 per unit, with each unit consisting of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock, and highlights the risks associated with investing in a blank check company not compliant with Rule 419.

7.2M 33M
Jan 13, 2021

S-1 filing: This S-1 filing outlines an offering of 25,000,000 units at $10.00 per unit, each consisting of one share of Class A common stock and one-third of one redeemable warrant, along with private placement warrants to be purchased by initial stockholders.

7.2M 30M
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